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When Losing Really Matters

As they say, gambling is a game of chance. This means that nobody is sure when one will lose or win.

However, there is only one fact that remains. In gambling, there is bound to be a loser. In fact, most people contend that a game is not to be considered as gambling if it will not have losers. This goes to show that when people gamble, they are bound to lose than win.

Today, more and more people are getting hooked up with gambling. They see this kind of activity as an outlet of their problems, a place where to get unwind from a hard day’s work, or simply a form of recreation. What they don’t know that when somebody starts to get hooked up with gambling, chances are he or she is bound to lose great things in the end.

So, how does it feel to lose gambling? Is losing really a part of the game? There are so many questions, yet, just a few answers. This is because people are not aware of the probability of somebody’s chance in winning the game of chance.

Here are some facts about gambling and its losing characteristic:

1. If people gamble more, chances are, they will lose more.

This is one great way how to lose in gambling. People just have to continue gambling and they will continue to lose more.

2. Because gambling entails a lot of money, most people tends to think that gambling is more about winning. They just don’t realize that losing in gambling has more impact and has more probability of getting it.

3. People will never win in gambling.

Statistics show that most of the people, who play gambling, will never be able to win because of the little chances that they have.

For example, in a game of card, there are 52 cards in a deck of cards, thirteen of which are four suits. A person’s probability of drawing the card that will make them win the game is only 1 in every 52 chances, and the chance of having a perfect hand of cards is 1 in 635,013,559,599.

Other examples are the games that use dice. Normally, each dice has six sides. This goes to show that for every 6 attempts people will throw, they will get 1 chance to get the number that they want. Though, there’s only 1 in 216 if the person will be using three dice.

Indeed, gambling is really a game of chance, even if some people contend it uses skills. With gambling, people are really bound to lose.



The Untapped Benefits of Gambling

Some people cringe at the thought of being labeled as a gambler since the stigma would forever hound them. People have different reasons as to why they gamble. Some gamble to forget their problems, others for fun, or to while away the time, those who play seriously and those who are addicted to it.

But all is not negative when it comes to gambling as there are untapped benefits of gambling which cannot be seen within the walls of the casino, or the race track, or in the bingo social hall.

Employment

In Las Vegas, a whopping 60 percent of the employment ratio is attributed to the presence of casinos. Imagine what would happen to Las Vegas if all the casinos suddenly stopped operating.

Entertainment

Self-discipline is the key. Gambling is for entertainment, as it was intended to be. Others just couldn't handle a loss and always kept right on thinking that the next card would be the one to salvage all that has been lost. But it never does. And these types of gamblers only comprise one-fourth of the gambling population who cannot gamble responsibly.

Imagine the other 75 percent who responsibly gamble. These are the people who find the entertainment value of gambling and they are never blinded by the illusion that hitting it big time just once is the key to financial freedom.

It is sad that only a small percentage of the gambling population gets the bad rap of how gambling can be so destructive. Families, friends, properties, jobs, crimes and deception permeate the destruction brought about by gambling but it is still a small portion of the gambling population.

Charity Work

Winnings from gambling activities have contributed in providing the needed financial support of worthy causes. They use gambling activities such as bingos or lotteries with a percentage of the jackpot winnings tied with charity institutions.

Some celebrities even show their prowess in card games like poker to provide entertainment for the viewers and winnings for the charity institution they represent.

Health benefit

Studies have been found that retirees 65 years old and above who gamble have less health issues such as depression, alcoholism and bankruptcy as they find gambling to be therapeutic as it exercises their mind and keep them alert.

The study was not conclusive, however, because retiree gamblers are the recreational gamblers who find the entertainment value of gambling. They are healthier because they are healthy to begin with and not because they gamble.

In the end, it is not the gambling act itself that makes it beneficial or harmful to the individual. It is the decision of the individual if gambling would rule him or he would rule his gambling habit.

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